analytics

Diamond in the Rough - $caffolding

$2,500,000

-   2022 FY Cash Surplus or EBIPDT = $1.243M
-   4-year average Cash Surplus or EBIPDT = $953K
-   2022 FY EBIT = $1.112M (Xero report)
-   Experienced contracts manager capable of running the business
-   Huge Pipeline of forward work

This well-run South Auckland scaffolding company provides scaffolding hire and erection/dismantle services to the residential and commercial market.

The 2022 cash surplus from management accounts was *$1.243M or an EBIT of $1.112M, which is after removing the owners wage and depreciation. 2021 FY did have a dip from increased wage costs due to COVID, but with a restructure and the initial shock of Covid out of the way, 2022 FY was back on track recording phenomenal results.

There is a strong and experienced core team in place and the Vendor only needs to work part time in the business. The very capable Contracts Manager is basically running the business and with good organisational and office support from the new owner, and an increase in salary he could take over as Branch Manager when the Vendor departs.

Despite the setbacks due to Covid 19, Auckland's renovation work, commercial construction and residential building continues to boom, which is clearly evident in the financial results. Offering good security with instant rental from already erected jobs, a great pipeline of forward work and a core of repeat customers. This is phenomenal buying at these returns, don’t miss out.

Asking Price $2.5M including plant.

To learn more visit www.barkerbusiness.co.nz/3187, register your details and submit the online Confidentiality Agreement and Alan will be in touch.

*Source: Information supplied by the Business Owner or the Owners Agent(s). Licensed REAA 2008. Copyright Barker Business Brokerage Ltd 2022.

Details

Region Auckland
Price $2,500,000
Business ID 3187
Category Industrial/Manufacturing

Share This Business